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Nelnet NNI Free cash flow

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Other financials

Income statement

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Net income$71.1M-13.8%
EPS (diluted)$1.97-12.8%

Balance sheet

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Cash & equivalents$240.0M+8.8%
Total debt$7.7B-11.1%
Total equity$3.7B+9.1%
Total assets$14.2B-0.1%

Cash flow

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Operating cash flow$73.1M-19.8%
CapEx$11.6M+242%

Valuation

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Market cap$4.68B+14.9%
Enterprise value$12.14B-3.0%
P/E11.2×-9.9×

Returns & leverage

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Return on equity11.7%+5.9pp
Debt / equity2.1×-0.5×

Where this comes from

Calculated from Nelnet’s reported figures.

The official record: Nelnet’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nelnet's free cash flow?
Nelnet (NNI) reported free cash flow of $61.57M in Q1 2026.
How has Nelnet's free cash flow changed year-over-year?
Nelnet's free cash flow decreased by 29.9% year-over-year, from $87.79M to $61.57M.
What is the long-term trend for Nelnet's free cash flow?
Over 4 years (2021 to 2025), Nelnet's free cash flow has grown at a -1.5% compound annual growth rate (CAGR), from $421.38M to $396.75M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.